Bitcoin

A move from transit-rich New York to car-crazy Los Angeles prompted Manuela White to spend more than $17,000 on a used Toyota Corolla sight unseen with just a click on her laptop. White, 25, purchased her car from Beepi, which along with start-ups that include Carvana, Shift, Vroom and others is creating a new digital business model selling and buying used cars. They provide a virtual showroom and handle the marketing and much of the legal paperwork online, guaranteeing minimum prices to sellers and full refunds to buyers if they regret their purchase within a limited time span. These companies are bridging a disconnect in auto sales, said Anant Kamat, an automotive expert at the...

Related "Bitcoin" Articles

A move from transit-rich New York to car-crazy Los Angeles prompted Manuela White to spend more than $17,000 on a used Toyota Corolla sight unseen with just a click on her laptop.
White, 25, purchased her car from Beepi, which along with start-ups that...

The head of the failed Japan-based bitcoin exchange Mt. Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by $1 million, authorities said.
Mark Karpeles, 30, is suspected of accessing the exchange's computer system in...

A former federal agent has pleaded guilty to charges that he stole more than $200,000 worth of digital currency and tried to sell law enforcement secrets to the mastermind behind the online drug market Silk Road, prosecutors announced Wednesday.
...

It's been a busy day for terrorism prosecutions in the United States. On Thursday, officials announced new charges or guilty pleas in three separate terrorism-related cases in Virginia, New York and Florida.
Two of the cases involve defendants in...

NEW YORK — New York state issued its first charter for a bitcoin exchange, providing a major dose of legitimacy for the virtual currency as it begins to move from the margins of the financial system to the mainstream.
ItBit Trust Co., a New York start-up...

Circle Internet Financial, a bitcoin start-up led by Internet entrepreneur Jeremy Allaire, said it raised $50 million from investors including Goldman Sachs Group Inc., giving the virtual currency a jolt of credibility even as it struggles to gain...

Coinbase on Monday launched what it describes as the first regulated exchange for bitcoins in the U.S., providing a jolt of credibility to the virtual currency, which has struggled with slumping value and problems at exchanges overseas.
The San Francisco...

Prepaid cards let you make purchases wherever the debit-card brand is accepted, and they can be reloaded
Question: After telling our bank we were traveling abroad and being assured we should have no problem getting cash from ATMs, we ran into problems....

No sooner had authorities announced the closing of an alleged illegal online drug bazaar than another popped up claiming to take its place.
Welcome to the "dark Web," an increasingly popular corner of the Internet where thousands of computer...

A California man confessed to operating a spinoff version of the shuttered Silk Road website, which enabled more than 100,000 people to buy and sell illegal drugs over the Internet, a prosecutor said Thursday.
Blake Benthall, 26 years old and wearing a...

Remember bitcoins?
The digital currency swam into the average person's attention last December, when the price of a single bitcoin reached about $1,150. The Winklevoss twins, who gained fame from their connection with the founding of Facebook,...

Whether the crypto-currency in this documentary film is viewed as the inevitable future of e-commerce or a speculative bubble destined to burst, "The Rise and Rise of Bitcoin" makes for an enlightening primer.
Using his bitcoin-obsessed...

EBay's mobile payment unit said it will soon enable merchants to accept payments in bitcoins, making it the latest mainstream company to embrace the upstart digital currency.
Bill Ready, chief executive of EBay's Braintree unit, said at the TechCrunch...

Software developer Hal Finney was a privacy activist — he was a key developer of PGP, the world's most-used encryption program for email, and he made crucial refinements to bitcoin digital currency.
But Finney was hardly secretive or reclusive. His phone...

The Consumer Financial Protection Bureau, that whipping boy of big-business conservatives everywhere, demonstrated its value to the average consumer this week by explaining the pitfalls of bitcoins and other such "virtual currencies."
...

The Las Vegas Strip welcomed its first bitcoin ATM on Wednesday, but that doesn’t mean visitors will necessarily find it easy to use the virtual currency.
The new ATM launched inside the Viva Vegas souvenir shop near Las Vegas Boulevard and Harmon...

A major bitcoin-to-gold trading website is facing a class-action lawsuit after allegedly defrauding thousands of customers.
Coinabul LLC, a service based in Wyoming that exchanges bitcoin, an online currency, for precious metals, continued accepting...

You can donate to a PAC, buy a Tesla or order a Domino's pizza using bitcoin. California just repealed a ban on such cryptocurrencies, so the question is not only "Now what?" but "What?," period. Any currency that's not tied to...

In a makeshift office — a living room crowded with desks, monitors and a beanbag chair — a handful of programmers are hacking away on computers, aiming to make their mark on the multibillion-dollar financial services industry.
This condo on the 19th...

Venture capitalist and entrepreneur Tim Draper is rolling in bitcoins after winning a U.S. government auction Monday.
The 29,656 bitcoins – a new form of digital currency – were part of a trove that the government seized from a raid of online illegal...